0
What else can I help you with?
Why do opportunity cost increase as you make more and more butter and fewer guns?
As you produce more butter and fewer guns, the opportunity cost increases due to the principle of diminishing returns. Resources are not perfectly adaptable; as you shift production, the factors of production (like labor and materials) become less efficient when allocated to butter instead of guns. Thus, the more butter you produce, the greater the amount of guns you have to forgo, resulting in higher opportunity costs. This trade-off reflects the increasing sacrifice of gun production for each additional unit of butter.
If peanut butter and jelly are complement goods and the price for peanut butter goes up what will be the impact on the demand for jelly?
Given the scenario , there should be less demand for the jelly since the costs for peanut butter has now risen assuming that fewer jars of peanut butter are being purchased due to increase in prices .
What brand of butter is healthier Land o Lakes or Smart balance?
Smart balance isn't butter. It's a butter substitute. It has fewer calories and less fat than Land o Lakes butter so it's probably healthier.
How do economists use the phrase guns or butter?
Guns or butter means in short a country that decides to produce mor military goods. (Guns). has fewer resources to devote to consumer goods. (Butter) and vice versa
What are some benefits to car sharing?
There are several benefits of car sharing. Among them are lower parking demand, fewer miles driven, fewer emissions produced, and lower transportation costs.
Hotel Conference Rooms Increase Attendee Participation?
Opting for a venue that offers both lodging and meeting space saves money and increases participation. Securing hotel conference rooms means fewer excuses for missed meetings and cuts transportation costs.
Are there fewer calories in almond butter if you drain the oil off the top?
Yes, you will reduce not only the oil content but the calories as well.
Define relevant range in accounting?
an increase or decrease on a company's fixed costs is however not only dependent on the relevant period but also on the relevant production range. The total fixed costs will remain constant if the relevant production range can be handled by the same number of production units, producing fewer steps. If a certain step ( certain cost level) encompasses the entire relevant range of activity, the costs are entirely fixed.
If the Federal Reserve sells a Treasury bond to a bank what will be the effect on the interest rate the bank charges its customers for a loan?
The interest rate will increase since there are fewer available
Does the amount of butter affect the amount of kernels popping in popcorn?
Yes, in fact, it does. Each kernel of popcorn contains a certain amount of moisture and oil, and if altered with flavoring or butter amount, then the corn will pop a greater or less amount of popcorn.
Is a lower opportunity cost better for decision-making?
Yes, a lower opportunity cost is generally better for decision-making because it means there are fewer trade-offs or sacrifices involved in choosing one option over another.
What do entrepreneurs earn?
Entrepreneurs earn money by selling goods and services to businesses and consumers. The fewer costs they have the more money they make.
